Chesapeake's most recent trend suggests a bearish bias. One trading opportunity on Chesapeake is a Bear Call Spread using a strike $27.00 short call and a strike $32.00 long call offers a potential 6.16% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $27.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock rose above the $32.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Chesapeake is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Chesapeake is bearish.
The RSI indicator is at 37.21 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Chesapeake
Short Interest Declines 13% For CHK
Tue, 12 Nov 2013 20:21:00 GMT
Forbes – The most recent short interest data has been released by the NASDAQ for the 10/31/2013 settlement date, which shows a 8,858,138 share decrease in total short interest for Chesapeake Energy Corp. (NYSE: CHK), to 58,584,030, a decrease of 13.13% since 10/15/2013. Total short interest is just one way to look […]
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Tue, 12 Nov 2013 18:26:12 GMT
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